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and the budget office will give it a score what it will cost the government to do this. at this very late hour, many people at work here at the capitol hill and going over that now. the vice president was able during his meeting with democrats to walk through the process, at how he and minority leader mitch mcconnell were able to reach this agreement and what benefit he sees for this. this is significant for the president's second term for achievement that will begin -- will mark the second term and for democrats to go along in support of the president, one of the political arguments that joe biden can make. in support of the president. what we know on the house side, both nancy pelosi, in charge of the democrats in the house and house speaker john boehner have been kept in the loop throughout. important because once the senate deals with this, it would go to the house. now, what we do expect in talking to a number of democrats tonight, some have put on coats and scarves and were going to lay down for a little while, waiting for the word to come back. others still think
and the budget office will give it a score what it will cost the government to do this. at this very late hour, many people at work here at the capitol hill and going over that now. the vice president was able during his meeting with democrats to walk through the process, at how he and minority leader mitch mcconnell were able to reach this agreement and what benefit he sees for this. this is significant for the president's second term for achievement that will begin -- will mark the second...
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important because if the taxes are raised, the republicans want to be able to argue they were able to cut government spending. while this isn't the most important parnt. there's much more to look at, the goal being sunday. >> thanks, kelly. my eyes didn't glaze over. it's hard not to conclude he's the first casualty of war. boehner put it forward. since then he's been more of an observer than a player in this crisis. joining me now to talk about boehner's fate. i want to start with you. john boehner as we heard from kelly o'donnell is going to have to face meeting democrats if we have a deal. then he's going to have to go back to his caucus and say re-elect me as speaker. how does he do that? >> i think it's two separate questions, richard. on the first point he's going to have a difficult time to corral votes. if the president bring his 250 plan to the house floor, you're not going to see many republicans go after it. but at the same time i think boehner is pretty safe when it comes to his speakership. if gentlemen were making noise against the speaker, there would be huge trouble. i think boehner'
important because if the taxes are raised, the republicans want to be able to argue they were able to cut government spending. while this isn't the most important parnt. there's much more to look at, the goal being sunday. >> thanks, kelly. my eyes didn't glaze over. it's hard not to conclude he's the first casualty of war. boehner put it forward. since then he's been more of an observer than a player in this crisis. joining me now to talk about boehner's fate. i want to start with you....
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it gives the government more money and will put off the actual kind of "d" day for the u.s. defaulting on its debt, only by a week or so. but, again, the real thing that should be scaring everybody is the thing that's coming in a couple of months. >> you know, we heard the president talking today about how mind boggling this is. you know, that normal people don't resolve their differences this way. i don't know how you can shuffle around money. that really is mind boggling. thank you. up next, the nra's response to gun violence? what else, more guns. the new battle over gun violence with chris matthews. you're watching "hardball" the place for politics. >> welcome back to hardball. the tragic school shooting has put renewed focus not just on the guns, but on school safety itself. >> i call on congress today to act immediately to appropriate whatever is necessary to put armed police officers in every single school in this nation. and to do it now. >> but here's what it looks like when you run the numbers. slate magazine took a look at what a program to put armed guards in eve
it gives the government more money and will put off the actual kind of "d" day for the u.s. defaulting on its debt, only by a week or so. but, again, the real thing that should be scaring everybody is the thing that's coming in a couple of months. >> you know, we heard the president talking today about how mind boggling this is. you know, that normal people don't resolve their differences this way. i don't know how you can shuffle around money. that really is mind boggling....
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because if the taxes are raised the republicans want to be able to argue that they were able to cut government spending. so while this is an important part, there are many chapters that are going to be happening over the next 24 hours, and we will see if they can get it done. the goal to have something ready to look at by sunday. >> thank you, kelly. my eyes did not glaze over, honestly. this has been a rough couple of weeks for john boehner and hard to believe he is the first casualty of the war. as kelly just said, boehner put forward the plan b only to withdraw it when he could not rustle up enough republican votes, and since then he is more of an observer than a player in the crisis. joining me is rob acosta, and "republic's" john stein. as we just heard from kelly o'donnell, they will be faced with needing democrats to get this deal through if we do indeed have a deal, and then he has to go back to the caucus and say, re-elect me as speaker. how does he do that? >> well, these are two separate questions, richard. on the first point, boehner has a tough time corralling some of the republic
because if the taxes are raised the republicans want to be able to argue that they were able to cut government spending. so while this is an important part, there are many chapters that are going to be happening over the next 24 hours, and we will see if they can get it done. the goal to have something ready to look at by sunday. >> thank you, kelly. my eyes did not glaze over, honestly. this has been a rough couple of weeks for john boehner and hard to believe he is the first casualty of...
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potentially the 12th hour at this point. >> government at its finest. i think that's in the government 101 class. wait until the last possible minute. thank you, kristen. as you can see, folks, if you are looking at the screen, these are, as john harris mentioned, earlier who is still with me, these are what we believe to be middle class americans that president obama will speak in front of. we are within literally minutes. we believe we have the two minute warning here on the president, so we expect him to be out soon. john, just quickly, because we are close here, kristen mentioned pr campaigns. the president, as you say, campaign style approach to this entire debate different many some ways than certainly economic stimulus, and a little bit different than health care. is this lessons learned from those two fights? >> i think it's partly that, and i think he has learned, look, he has public leverage, but he doesn't necessarily have private leverage. he doesn't have republican votes in the house. you use what weapons you have as a president, and the pu
potentially the 12th hour at this point. >> government at its finest. i think that's in the government 101 class. wait until the last possible minute. thank you, kristen. as you can see, folks, if you are looking at the screen, these are, as john harris mentioned, earlier who is still with me, these are what we believe to be middle class americans that president obama will speak in front of. we are within literally minutes. we believe we have the two minute warning here on the president,...
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people boast of cutting government. when was the last time you heard them cut fire department or cut down on snow removal? in fact the republicans tend to be opposed to spending in general. when it comes to particular spending, remember paul ryan acknowledging he was seeking to get the stimulus money that he was denouncing. but in any case, it's not the democratic position we should put all of the increased revenue into spending. by the way, i believe much of government spending is very important. there are things that we need for the quality of our life. good transportation. public safety. decent education. you can't do those only through the private sector. >> let me ask you quickly, i'd like to use your perspective in 30-plus years you've been in congress, and this is the least productive congress ever. i'm sure i don't need to tell you the numbers but it's 219 bills passed, some of them pretty much inconsequential. i think the previous low number of bills passed was 333. how do you think we got to this point? how di
people boast of cutting government. when was the last time you heard them cut fire department or cut down on snow removal? in fact the republicans tend to be opposed to spending in general. when it comes to particular spending, remember paul ryan acknowledging he was seeking to get the stimulus money that he was denouncing. but in any case, it's not the democratic position we should put all of the increased revenue into spending. by the way, i believe much of government spending is very...
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the russian government has to invite them to meet a child to adopt and they're worried. >> now with this new development, it could all come to a screeching halt. >> just from father to father, president putin, i just ask that as a father, just to consider what's happening to the families that are in process. let us at least go through the process and bring home our children. >> that was michelle reporting there. >>> another person pushed in front of a new york city subway tops the look at stories around the "news nation" today. there's video of a woman they say pushed the man in front of a train last night. there she is right there. the victim was killed. witnesses telling police that the woman had been following the man and mumbling under her breath moments before. earlier this month, police say a man was pushed and killed in front of another new york train. a 30-year-old man is charged with murder that case. three police officers of new jersey are in the hospital recovering today after being shot inside a police station this morning. police say the suspect was being processed for domes
the russian government has to invite them to meet a child to adopt and they're worried. >> now with this new development, it could all come to a screeching halt. >> just from father to father, president putin, i just ask that as a father, just to consider what's happening to the families that are in process. let us at least go through the process and bring home our children. >> that was michelle reporting there. >>> another person pushed in front of a new york city...
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deal with the things that were doable, and you know, that's always i think the sign of intelligent government, if not necessarily, again, the most desirable process. >> let me play what iowa senator tom harkin had to say about this, one of the people who had some concerns. he voted no. >> mm-hmm. >> now, i'm not saying that everything in this deal is bad. there are some good parts of this, but i repeat, i am concerned about this constant drift, bit by bit, deal by deal, toward more deficits, less job-creation, more unfairness, less economic justice, a society where the gap grows wider between the few who have much and the many who have too little. >> tom harkin is among those who have said repeatedly that this deal does not address the needs of the real middle class, people making $40,000, $50,000, $60,000 a year. does he have a point? >> well, he has part of a point, but on the other hand, this package, as i understand it, extended the eitc for five years and the affordable -- >> earned income tax credit for people who don't know the shorthand. >> right, for the low-income working families.
deal with the things that were doable, and you know, that's always i think the sign of intelligent government, if not necessarily, again, the most desirable process. >> let me play what iowa senator tom harkin had to say about this, one of the people who had some concerns. he voted no. >> mm-hmm. >> now, i'm not saying that everything in this deal is bad. there are some good parts of this, but i repeat, i am concerned about this constant drift, bit by bit, deal by deal, toward...
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it gives the government more money and will put off the actual kind of "d" day for the u.s. defaulting on its debt, only by a week or so. but, again, the real thing that should be scaring everybody is the thing that's coming in a couple of months. >> you know, we heard the president talking today about how mind boggling this is. you know, that normal people don't resolve their differences this way. i don't know how you can shuffle around money. that really is mind boggling. thank you. up next, the nra's response to gun violence? what else, more guns. the new battle over gun violence with chris matthews. you're watching "hardball" the place for politics. [ mother ] you can't leave the table till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy bro
it gives the government more money and will put off the actual kind of "d" day for the u.s. defaulting on its debt, only by a week or so. but, again, the real thing that should be scaring everybody is the thing that's coming in a couple of months. >> you know, we heard the president talking today about how mind boggling this is. you know, that normal people don't resolve their differences this way. i don't know how you can shuffle around money. that really is mind boggling....
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it's now 35% of all the revenue from the government is coming from payroll tax. it's a regressive tax. there's a cap of $112,000. >> keep in mind, this is fiction that the payroll tax pace for social security. you're running large-debt deficits and there's knotting in these securities, there's no tax that pays for any particular program. the politics of the payroll tax is it helps to sustain the fiction that social security is like an insurance program or retirement program rather than what it is which is regular old welfare program but a welfare program for the middle class. >> fdr's idea was if you see if money coming from your paycheck you'll invest it -- >> with that tax in there nobody can mess with my damn social security program. >> right. >> but it could be fiction. >> the only fiction here is that it won't impact people if we don't pay enough attention to making sure we have the insurance system for people to retire. it was a pillar of creating the middle class, coming out of the great depression. when one of the policies that helped to produce the ameri
it's now 35% of all the revenue from the government is coming from payroll tax. it's a regressive tax. there's a cap of $112,000. >> keep in mind, this is fiction that the payroll tax pace for social security. you're running large-debt deficits and there's knotting in these securities, there's no tax that pays for any particular program. the politics of the payroll tax is it helps to sustain the fiction that social security is like an insurance program or retirement program rather than...
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they think shrinking the government, making the government do less are actually good things. >> right, i don't think there's any question about that. we know there's an element of the republican party, ron paul, rand paul being the most visible, who think the less government does, the better. now, in that vain, i've been struck. david wasserman at the "cook political report" crunched the numbers on this, that there are 234 house republicans. 15 of them, 15 represent districts that president obama carried in 2012. given that, and we were talking with kelly about the fact that this has to come through the house at some point, that republicans still control. is there any reason for, politically speaking -- >> absolutely, right. >> -- not good of the country speaking, but politically speaking, is there any reason for these guys to make a deal given that for 215 of them, the constituency they represent are mitt romney's? >> i think this is the problem. where most people follow a presidential election and don't realize what happens in each of the districts. what republicans have done a very
they think shrinking the government, making the government do less are actually good things. >> right, i don't think there's any question about that. we know there's an element of the republican party, ron paul, rand paul being the most visible, who think the less government does, the better. now, in that vain, i've been struck. david wasserman at the "cook political report" crunched the numbers on this, that there are 234 house republicans. 15 of them, 15 represent districts...
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we can stop this if the republicans are serious about governing this country. >> all right. we're going to leave you with the last word, robert gibbs. thank you very much for being on the show. >> thank you. >> best of luck to you. >> thank you. >> chuck todd, thank you as well. >>> coming up, we'll talk to republican senator bob corker and republican congressman tom cole about the state of negotiations. >>> and up next, secretary hillary clinton has a serious health scare as she's hospitalized with a blood clot. we'll have a live report on her condition next. we'll be right back with much more "morning joe." i have lost 101 lbs on weight watchers online. i just got started and i'm like "hey, that first 20 came off, well it wasn't too hard at all." i love breads. you can still eat bread. i love my sweets. i can still have a cookie on weight watchers. i love the barcode scanner. occasionally, i'll use it at the bar. of course! that's what it's for, right? bar code. oh i think i'm never going there again. i feel healthy. and just...young again. [ female announcer ] weight watc
we can stop this if the republicans are serious about governing this country. >> all right. we're going to leave you with the last word, robert gibbs. thank you very much for being on the show. >> thank you. >> best of luck to you. >> thank you. >> chuck todd, thank you as well. >>> coming up, we'll talk to republican senator bob corker and republican congressman tom cole about the state of negotiations. >>> and up next, secretary hillary clinton...
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doctors will see an immediate cut in medicare payments from the government. here to talk about this with us, jared bernstein who served as vice president biden's chief economist and now senior fellow the center of budget and policy orders. msnbc contributor. we thank you so much for coming on the show. mr. bernstein, i want to put up a graphic in terms of the literal impact going over the fiscal cliff. if you make $20,000 you will see tax hike of $412. if you are middle $, 40,000 to $65,000, average tax hike of fearly nearly $2,000 which is significant. is this being lost on the policymakers now? >> i think it is. i mean -- if you -- were really concerned about how middle income people are doing and howing the unemployed are doing, how the average person who depends on their pay paycheck, not their stock portfolio is doing, you quickly resolve these cliff issues so the tax rates don't revert to get you the results you just showed. very quickly extend unemployment. i mean, i thought the point that someone made earlier in the reporting was critical. there are m
doctors will see an immediate cut in medicare payments from the government. here to talk about this with us, jared bernstein who served as vice president biden's chief economist and now senior fellow the center of budget and policy orders. msnbc contributor. we thank you so much for coming on the show. mr. bernstein, i want to put up a graphic in terms of the literal impact going over the fiscal cliff. if you make $20,000 you will see tax hike of $412. if you are middle $, 40,000 to $65,000,...
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government has announced plans to build a new frederick douglas memorial bridge. the projected price tag is $660 million. construction would start in 2015. d.c. mayor vincent gray says in the long run, a new bridge would save taxpayers money over the cost of making repeated repairs to the existing bridge which is 63 years old. the uglas memorial bridge handles about 70,000 commuters every day as they cross the anacostia river. >>> you can't really complain about the weather today. olga has the forecast. she's out on our weather terrace and she tells us that we can expect some nice weather, maybe a little bit of showers this afternoon. right, olga? >> reporter: that's right. i'm still tracking a storm system passing mainly south of us. so far we've been dry. the potential is later on this afternoon until about the 3:00 or 4:00 hour, we could see a sprinkle with the cloud cover, though, our temperatures have been consistent. right now we're at 44 degrees. that's where we've been for about two hours. we're pretty much going to sit right where we are interest the afte
government has announced plans to build a new frederick douglas memorial bridge. the projected price tag is $660 million. construction would start in 2015. d.c. mayor vincent gray says in the long run, a new bridge would save taxpayers money over the cost of making repeated repairs to the existing bridge which is 63 years old. the uglas memorial bridge handles about 70,000 commuters every day as they cross the anacostia river. >>> you can't really complain about the weather today. olga...
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. >> it really upsets me, because the government is supposed to be working for the people. and i don't see that. >> i wish they would hurry up and make a decision, one way or the other. >> reporter: today, even house chaplain's daily prayer -- >> as this chamber lies silent still -- >> reporter: reflected the painful wait for a deal to avert the fiscal cliff. >> send a spirit of wisdom and good judgment upon the leaders of congress that they might forge a solution to assuage the concerns of their fellow citizens. >> reporter: house gop leadership is did call members back to work this sunday, prepared to work through new year's. republican leaders say they would give in on higher taxes, but not more government spending. >> republicans aren't about to write a blank check or anything senate democrats put forward, just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: beyond the bitter politics is a real-world consequence. >> anyone who has regular salary or wage income, starting next week, is going to see 2% less in
. >> it really upsets me, because the government is supposed to be working for the people. and i don't see that. >> i wish they would hurry up and make a decision, one way or the other. >> reporter: today, even house chaplain's daily prayer -- >> as this chamber lies silent still -- >> reporter: reflected the painful wait for a deal to avert the fiscal cliff. >> send a spirit of wisdom and good judgment upon the leaders of congress that they might forge a...
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keeping tabs on peaceful americans who are trying to loosen wall street's death grip on our economy and government in just a moment what do new f.b.i. documents reveal about the agency's surveillance on the occupy wall street movement also president obama cut short his hawaiian vacation to get back to fiscal cliff negotiations but given that he and democrats have put everything they can on the table and republicans still won't compromise what hope is there in striking a deal that doesn't leave the middle class high and dry and later the funerals for newtown connecticut victims may have finally ended but unfortunately funerals for gun victims in america never truly stop another story of a mass shooting and how the n.r.a. is more interested in saving profits than saving lives. and we did tonight with occupy wall street during the heyday of the occupy movement last year if you were lucky enough to walk through one of the encampments says i was frequently here at occupy d.c. good to see a community built as an example of what our nation should be striving for you would've seen hell. care provided for
keeping tabs on peaceful americans who are trying to loosen wall street's death grip on our economy and government in just a moment what do new f.b.i. documents reveal about the agency's surveillance on the occupy wall street movement also president obama cut short his hawaiian vacation to get back to fiscal cliff negotiations but given that he and democrats have put everything they can on the table and republicans still won't compromise what hope is there in striking a deal that doesn't leave...
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but is there a limit to what the government can do? would you say that cars being made safely, and they say, you know, government can' make an economy as a whole. >> they don't have much power. we have to demand more from big business. neil: wil the govenment demand that? >> business can hardly keep up with the corporate climb. barclays, jpmorgan chase, now, wasko, 3 billion-dollar fine. we have to save these corporations. they were built on the backs of american workers. build buildout by american taxpayers. recording record profits. sitting on trillions of dollars, keeping them away from their owners and the investors a the workers. neil: are you saying that there was crime involved? there was no crime involved. are you saying that all of these guys are typical? in other words with that there are more bad guys and good guys? >> the big guys have too much power and are too big to fail and all that. >> leches take the fortune 500. would you say, you mentioned three prominent companies. would you say that is 3%? 5%? 50%? i just disagree
but is there a limit to what the government can do? would you say that cars being made safely, and they say, you know, government can' make an economy as a whole. >> they don't have much power. we have to demand more from big business. neil: wil the govenment demand that? >> business can hardly keep up with the corporate climb. barclays, jpmorgan chase, now, wasko, 3 billion-dollar fine. we have to save these corporations. they were built on the backs of american workers. build...
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i'm increasing my interest because these guys can't run a government. you're looking toward going to a recession while we're playing politic s in washington. this is very serious. this is not just beltway rhetoric here. i think people need to understand to the point of calling their congressional representative in outrage today, saying we should not be at this point. they're playing politics with the actual livelihood of families. this is not something that -- it would be all right a week or two or three or four. we start going down the cliff, we don't know whether the momentum downward is going to be very, very damaging. >> yeah. maybe. >> you have that smirk on your face. >> well, maybe. i agree with the reverend that they're playing politics with livelihoods because it is a huge risk. you're right about that. i disagree a little bit on the sort of dramatic immediate impact of it. what we could get -- this is a responsibility, what we could get. i'm just trying to be optimistic because it's toward the end of the year and it's been a crummy year for a
i'm increasing my interest because these guys can't run a government. you're looking toward going to a recession while we're playing politic s in washington. this is very serious. this is not just beltway rhetoric here. i think people need to understand to the point of calling their congressional representative in outrage today, saying we should not be at this point. they're playing politics with the actual livelihood of families. this is not something that -- it would be all right a week or...
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. >> a government investigation. >> there was other news. epa chief lisa jackson is stepping down. we found out she had been using an alias -- you know -- >> i am quite surprised that this is even happening because so far what you have seen is a lack of accountability. nobody's stepping down or stepping aside. when they said four officials were resigning and stepping aside, they actually are in fact going to be still retaining government jobs. why isn't eric holder stepping down? that should be the first one. >> how was eric holder involved in benghazi? >> he's not. follow the thread, okay, juan? he's doing the investigation -- >> no, he didn't do the investigation. >> no. remember. he was sending the fbi in to do the investigation, wink-wink -- that couldn't give imus answers before the presidential election. but holder was going to get back to us. >> what about this -- can you imagine -- >> i like the wink. that was good. >> lisa jackson was using an alias, a male alias to conduct official business. >> 12,000 emails -- it's like petraeus and the admiral, what are they doing? when
. >> a government investigation. >> there was other news. epa chief lisa jackson is stepping down. we found out she had been using an alias -- you know -- >> i am quite surprised that this is even happening because so far what you have seen is a lack of accountability. nobody's stepping down or stepping aside. when they said four officials were resigning and stepping aside, they actually are in fact going to be still retaining government jobs. why isn't eric holder stepping...
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. >> a government investigation. >> there was other news. epa chief lisa jackson is stepping down. we found out she had been using an alias -- you know -- >> i am quite surprised that this is even happening because so far what you have seen is a lack of accountability. nobody's stepping down or stepping aside. when they said four officials were resigning and stepping aside, they actually are in fact going to be still retaining government jobs. why isn't eric holder stepping down? that should be the first one. >> how was eric holder involved in benghazi? >> he's not. follow the thread, okay, juan? he's doing the investigation -- >> no, he didn't do the investigation. >> no. remember. he was sending the fbi in to do the investigation, wink-wink -- that couldn't give imus answers before the presidential election. but holder was going to get back to us. >> what about this -- can you imagine -- >> i like the wink. that was good. >> lisa jackson was using an alias, a male alias to conduct official business. >> 12,000 emails -- it's like petraeus and the admiral, what are they doing? when
. >> a government investigation. >> there was other news. epa chief lisa jackson is stepping down. we found out she had been using an alias -- you know -- >> i am quite surprised that this is even happening because so far what you have seen is a lack of accountability. nobody's stepping down or stepping aside. when they said four officials were resigning and stepping aside, they actually are in fact going to be still retaining government jobs. why isn't eric holder stepping...
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but they are divided over how much and how soon to cut government spending. and people are frustrated. >> sometimes you wonder, is it all just for show, or, you know, what's really going on behind closed doors? >> reporter: come midnight, your takehome pay shrinks. income taxes go up for everyone. roughly $2,400 next year for a family making 50 to $75,000. the 2% payroll tax break ends, costing an average worker another $1,000 a year. higher taxes on savings and investments. families will pay more on large inheritances. and for those on hard times, out of a job longer than six months, unemployment benefits stop. visitors to capitol hill say they're out of patience. >> i don't think it's fair that our kids are coming into this world with so much debt. >> reporter: the new year with no deal also means government spending faces deep cuts. slicing 8 to 9% from many federal agencies and the military. cutting about $110 billion next year. and right now, sources in both parties say they think they can delay those spending cuts for about two months. but again, they'r
but they are divided over how much and how soon to cut government spending. and people are frustrated. >> sometimes you wonder, is it all just for show, or, you know, what's really going on behind closed doors? >> reporter: come midnight, your takehome pay shrinks. income taxes go up for everyone. roughly $2,400 next year for a family making 50 to $75,000. the 2% payroll tax break ends, costing an average worker another $1,000 a year. higher taxes on savings and investments....
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Dec 24, 2012
12/12
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government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the poor, mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly than the economy, larger than they have been in the past, and what we need to decide as a nation is, are willing to pay substantially higher taxes than we have in the past to pay for these programs? if we want to keep our current tax burdens, we need to figure out how to reduce those programs. medicare -- we are not talking about reducing benefits over the long term. we have a health care system over all that grows more quickly than the economy. economists do not have one reason why that happens. they are looking for all the reasons why that ha
government is an insurance company with an army. when we talk about the insurance company part, we are talking about medicare and social security, and to some degree medicaid. those are programs that benefit the middle class and the poor, mainly through retirement. the other thing that people talk about, those are very small parts in the federal budget compared to medicare and social security. really, is not a question of needing to cut these programs. it is that they are growing more quickly...
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Dec 26, 2012
12/12
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the government worked for his entire existence. i think the speaker is concerned about whether or not he can get reelected. he puts the bill on the floor without having all of his republicans on as i heard in your panel. the talking about i believe we can get 20 or 25 or more than that. the republicans voting for it. he won't get the majority and comes time for his reelection of speaker, he shows his vulnerability there. what they want to do, democrats have been ready to work and compromise and we know what needs to happen. we need republican who is are in a similar situation to be frank with you. i represent a district that is overwhelmingly democratic and i came to reconcile that i'm not going to get everything i want. i don't want to negotiate and i have to for the benefit of the country. you have a whole group of republicans who are in the predominantly republican districts who refuse to negotiate and refuse to move. you have to move for the benefit of the country. they haven't been on the republican side. >> how far members of
the government worked for his entire existence. i think the speaker is concerned about whether or not he can get reelected. he puts the bill on the floor without having all of his republicans on as i heard in your panel. the talking about i believe we can get 20 or 25 or more than that. the republicans voting for it. he won't get the majority and comes time for his reelection of speaker, he shows his vulnerability there. what they want to do, democrats have been ready to work and compromise and...
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Dec 28, 2012
12/12
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say the tax rates go up, the government is not going to automatically withhold more money from the paycheck and the tax rates can be in effect for most of the year. we hope they're not but congress could rescind them toward the end of the year and one thing to affect you is the payroll tax cut, two percentage points and spoebed to be temporary anyway. >> rick, one of the suggestions that you have, turn off the tv until congress reaches a deal. the media will find little else to talk about. the endless chatter creates the mistaken impression that the country is going down the drain. >> turn off all the other channels is what i meant. >> you leave the impression we're fearmongering and not giving important information that we need to have and are you per pet yuting the problem? >> trying to be a voice of reason. so for a bit of perspective, going in to this, most people who watch congress who are paying attention for months did not expect any kind of deal to happen in december. remember, this is a lame duck session and people who have been watching this for a long time said probably the best
say the tax rates go up, the government is not going to automatically withhold more money from the paycheck and the tax rates can be in effect for most of the year. we hope they're not but congress could rescind them toward the end of the year and one thing to affect you is the payroll tax cut, two percentage points and spoebed to be temporary anyway. >> rick, one of the suggestions that you have, turn off the tv until congress reaches a deal. the media will find little else to talk...
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Dec 28, 2012
12/12
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the russian government says they are willing to accept a trational government. it is up to the syrian people to decide. it is not up to the u.s. or united nations to decide. they emphasize it must be the syrian people. many ininterpret that that they don't have to stay with the president. they see that as an opening that they would have to have a process that would call for his removal. that is what we heard from the on voy. so long as it is decided on by the people. >> thank you very much for joining us. one of the most beautiful words in the epg lash language graphs coming up. my wife takes centrum silver. i've been on the fence about it. then i read an article about a study that looked at the long term health benefits of taking multivitamins. they used centrum silver for the study... so i guess my wife was right. [ male announcer ] centrum. always your most complete. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ mal
the russian government says they are willing to accept a trational government. it is up to the syrian people to decide. it is not up to the u.s. or united nations to decide. they emphasize it must be the syrian people. many ininterpret that that they don't have to stay with the president. they see that as an opening that they would have to have a process that would call for his removal. that is what we heard from the on voy. so long as it is decided on by the people. >> thank you very...
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Jan 1, 2013
01/13
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WBAL
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as congress fails to agree on taxes and government spending measures that have a direct impact on every single american. this new year's day started right after the ball dropped with a lot of hopeful language. the senate voted after 2:00 a.m. on a bipartisan deal that the president praised. but now an impasse. we'll begin our coverage tonight on capitol hill with more from nbc's kelly o'donnell. >> reporter: good evening. congress is in overnight. after missing the midnight deadline, they are trying to work something else out. their own terms here in congress running out on thursday. even though the white house and senate made a deal, it is tough to get it through the house. at a bleary-eyed 2:00 in the morning, senators actually did what many constituents loudly demand -- both parties compromised to pass a fiscal cliff package. >> the ayes are 89, the nays are 8. >> reporter: then came daylight. and gop lawmakers hit a complaint from their own house republicans who expected to see some spending cuts. >> there's no spending cuts. we're adding $4 billion a day to the debt. >> i thought w
as congress fails to agree on taxes and government spending measures that have a direct impact on every single american. this new year's day started right after the ball dropped with a lot of hopeful language. the senate voted after 2:00 a.m. on a bipartisan deal that the president praised. but now an impasse. we'll begin our coverage tonight on capitol hill with more from nbc's kelly o'donnell. >> reporter: good evening. congress is in overnight. after missing the midnight deadline, they...
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Dec 27, 2012
12/12
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FBC
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now you are expanding the risk of the government's books. new loans held by private investors. gerri: i want to talk about another issue with you that is a fiscal cliff going over the fiscal cliff, what will that do to housing? >> the worst case scenario in the fiscal cliff if the tax increases and spending cuts come into effect would be bad for the economy and would really hurt housing demand. even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right now the mortgage interest deduction cost the government roughly $100 billion per year in revenue and getting rid of that would likely increase home values particularly in more expensive areas. gerri: rehear it would put the brakes on selling and home buying in those areas. what are the issues for you? you know all the issues and housing, what are you looking for next year? >> three things have been really important, the first is the inventories of homes for sale are down sharply. that is great news fo
now you are expanding the risk of the government's books. new loans held by private investors. gerri: i want to talk about another issue with you that is a fiscal cliff going over the fiscal cliff, what will that do to housing? >> the worst case scenario in the fiscal cliff if the tax increases and spending cuts come into effect would be bad for the economy and would really hurt housing demand. even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing...
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Dec 30, 2012
12/12
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FOXNEWSW
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then he turned around and found it constitutional under the government's taxing power even though the plain language of the law said it wasn't a tax. justice roberts was clearly looking for any rational to uphold the law. he probably believes he was protecting the reputation of the court but in the process he made the court look more political and he hurt his own reputation and ultimately the courts, too. remember if you have own hit or miss, please send it to us at foxnews.com and follow us on twitter at jer at f&c. thanks for watching. happy new year. we hope tosue right here next >> hello, everyone, i'm kimberly guilfoyle, with juan williams, eric bolling, andrea tantaros. congressional leaders met with president obama at the white house in a last-ditch attempt to come to an agreement on how to avoid the looming fiscal cliff crisis. but as the hours tick down, neither side is optimistic. what will that mean for the american people? eric? >> again, i am on the record as saying, i was with you this morning saying i think we should name it the obama cliff and i think we should swan di
then he turned around and found it constitutional under the government's taxing power even though the plain language of the law said it wasn't a tax. justice roberts was clearly looking for any rational to uphold the law. he probably believes he was protecting the reputation of the court but in the process he made the court look more political and he hurt his own reputation and ultimately the courts, too. remember if you have own hit or miss, please send it to us at foxnews.com and follow us on...
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Dec 27, 2012
12/12
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LINKTV
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they were government documents. jeremy hammond was private security company, summit that was part of it. maybe it came -- because it can later or he was not in the military. right now the government is trying to make an example out of all three of these people. they have jeremy hammond with no bail in federal detention. >> metropolitan detention center. >> which is in manhattan. you have bradley manning finally moved to leavenworth where his conditions are better than they were at quantico, for sure. but is in prison. you have julian assange annette ecuadorean embassy. what the government is trying to do is destroy the idea of the government's secrets and its corruption and crimes ought to be known and get the whistleblowers and publishers were doing it. we see across the board that these three are the ones they're obviously focused on, putting them away for as long as they can. >> michael ratner is president emeritus of the center for constitutional rights and a lawyer to julian assange and wikileaks. he recently r
they were government documents. jeremy hammond was private security company, summit that was part of it. maybe it came -- because it can later or he was not in the military. right now the government is trying to make an example out of all three of these people. they have jeremy hammond with no bail in federal detention. >> metropolitan detention center. >> which is in manhattan. you have bradley manning finally moved to leavenworth where his conditions are better than they were at...
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Dec 28, 2012
12/12
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MSNBCW
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thank you. >> i'm worth $3.5 million that the government knows about. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. if by blessed you mean freaked out about money well we suddenly noticed that everything was getting more expensive so we switched to the bargain detergent but i found myself using three times more than you're supposed to and the clothes still weren't as clean as with tide. so we're back to tide. they're cuter in clean clothes. thanks honey yeah you suck at folding [ laughs ] [ female announcer ] one cap of tide gives you more cleaning power than 6 caps of the bargain brand. [ woman ] that's my tide, what's yours? >>> the meeting between the president an
thank you. >> i'm worth $3.5 million that the government knows about. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at...
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Dec 27, 2012
12/12
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MSNBCW
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people who believe in government will remember. the people who believe in national defense and social security and medicare will remember. they will know which party is trying to destroy working democracy in order to pursue its political ends. they will know who listens to the voter, who respects the voter, and who thumbs his nose at the voter and that ladies and gentlemen of the tea party right is you. we go over this cliff and you will not have to ask for whom the bell tolls, it willing tolling for you. leading off tonight josh green and chris frats of national journal. you don't have to be as clear as i, but try, gentlemen, tonight. it looks to me like one party, guns again it's asymmetric. both parties are not screwing around, one is. is that true? >> i think both parties want to go over the cliff. >> both want to go over the cliff? who will get blamed. >> i think republicans will get blamed but i think republicans at this point fear casting a career-threatening vote to raise taxes instead of waiting four days and letting the c
people who believe in government will remember. the people who believe in national defense and social security and medicare will remember. they will know which party is trying to destroy working democracy in order to pursue its political ends. they will know who listens to the voter, who respects the voter, and who thumbs his nose at the voter and that ladies and gentlemen of the tea party right is you. we go over this cliff and you will not have to ask for whom the bell tolls, it willing...
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Dec 24, 2012
12/12
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FBC
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joining me now, president for americans for limited government. so why doesn't the administration want a deal, why do they want to go over the fiscal cliff? can you hear us? okay, we're going to have to fix bills hearing problems. he will take a quick break and come back with bill wilson right after this. stay tuned. you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio suary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> phil wilson can't hear us now. sorry about the difficulty with your hearing device. let's talk about the president going off the fiscal cliff or not. >> i think it is crystal clear that that is the case. his response was to offer, what he called, a small proposal. extend another $30 billion, no spending cuts and l
joining me now, president for americans for limited government. so why doesn't the administration want a deal, why do they want to go over the fiscal cliff? can you hear us? okay, we're going to have to fix bills hearing problems. he will take a quick break and come back with bill wilson right after this. stay tuned. you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out...
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Dec 28, 2012
12/12
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MSNBCW
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the russian government says they are willing to accept a transitional government. it is up to the syrian people to decide. it is not up to the u.s. or united nations to decide. they emphasize it must be the syrian people. many interpret that that they don't have to stay with the president. they see that as an opening that they would have to have a process that would call for his removal. that is what we heard from the envoy. so long as it is decided on by the people. >> thank you very much for joining us. one of the most beautiful words in the english language graphs coming up. [ laughter ] smoke? nah, i'm good. ♪ [ male announcer ] every time you say no to a cigarette, you celebrate a little win. nicoderm cq, the patch with time release smart control technology that acts fast and helps control cravings all day long. ♪ quit one day at a time with nicoderm cq. >>> when i'm not sitting in for rachel i'm at the washington post writing a blog. each year for the end of the year we ask our fellow travelers in the great wide world to send in their favorite graphs. nor
the russian government says they are willing to accept a transitional government. it is up to the syrian people to decide. it is not up to the u.s. or united nations to decide. they emphasize it must be the syrian people. many interpret that that they don't have to stay with the president. they see that as an opening that they would have to have a process that would call for his removal. that is what we heard from the envoy. so long as it is decided on by the people. >> thank you very...
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Dec 30, 2012
12/12
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we cut government subsidies that shouldn't be given. we set priorities, organize billions of dollars, sent it to the house. the house committee acted. for the life of me, i cannot understand why the speaker of the house turned his back on rural america, on consumers. people get their jobs because of agricultu agriculture. here we are running up to this cliff. if something is not done, milk prices are going to double or triple. so, we have to at least pass what's called an extension of current law. the four agricultural leaders, republican, democrat, house, senate have come together. all four of us agreed on language to do that. now they need to get it passed. >> are they going to get it passed? >> they have to. i believe we will. >> the agriculture secretary called it historic to come up to this point of the farm bill. thank you so much for your time. >> my pleasure. >> hopefully everybody's blood pressure goes down. a lot of people are upset. we appreciate your time. talk to you soon. >> thank you. >> we are 22 minutes past the hour he
we cut government subsidies that shouldn't be given. we set priorities, organize billions of dollars, sent it to the house. the house committee acted. for the life of me, i cannot understand why the speaker of the house turned his back on rural america, on consumers. people get their jobs because of agricultu agriculture. here we are running up to this cliff. if something is not done, milk prices are going to double or triple. so, we have to at least pass what's called an extension of current...
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Dec 28, 2012
12/12
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>> it's odd because grover was the one sort of outside government institution on the conservative side who agreed with speaker boehner's plan "b" which would have allowed taxes to go up above $1 million in income. all the other conservative groups say no. i think grover's pledge, i don't know where it goes from here. obviously is doesn't have as much teeth as is it did because there are people who are willing to buck it. >> i think the key thing with the grover pledge though is that republicans feel like they're in such a corner here, the house is in disarray, boehner doesn't really know where his caucus is going to go. they're not really worried about grover's pledge. they're more worried about rebuilding the party and surviving this horrible moment when they barely control one chamber. >> okay. so i want to run this by you. charles krauthammer from "the washington post" has suggested this kind of complicated theory that the president has a bigger plan here. wonder if we can play this tape of what he says the president's strategy is. >> he's been using this, and i must say with great
>> it's odd because grover was the one sort of outside government institution on the conservative side who agreed with speaker boehner's plan "b" which would have allowed taxes to go up above $1 million in income. all the other conservative groups say no. i think grover's pledge, i don't know where it goes from here. obviously is doesn't have as much teeth as is it did because there are people who are willing to buck it. >> i think the key thing with the grover pledge...
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Dec 24, 2012
12/12
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KCSM
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the government bought them back. after a certain date if they were in your home, you were arrested. they have had a decrease in crime and suicide, which is an interesting development. it seems to me, you either have to go that route, which you cannot in the u.s. -- gun ownership in australia was 5% of households. gallup has shown is 47% here. we have the second amendment and the hisry back to washington. given that we are a different culture, the kinds of laws that we pass are almost always an effective as a result, because there are00 million weapons out there today. unless you recall them the way that australia did, and we cannot do that -- you would have a reservoir that would last 100 years. >> you can imagine what would happen. there would be an insurrection. >> you do not have to permit guns -- and i understand they are already there -- but you do not simply not do something because it is already a problem. right now>> you can imagine whad happen. there would be an insurrection. , we allowed guns that are made specifically to injured in the most grievous way and the fastest wa
the government bought them back. after a certain date if they were in your home, you were arrested. they have had a decrease in crime and suicide, which is an interesting development. it seems to me, you either have to go that route, which you cannot in the u.s. -- gun ownership in australia was 5% of households. gallup has shown is 47% here. we have the second amendment and the hisry back to washington. given that we are a different culture, the kinds of laws that we pass are almost always an...
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Dec 28, 2012
12/12
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they are still retaining the government jobs that they said would step aside. why isn't holder stepping down? >> juan: how is eric holder involved in benghazi? >> kimberly: he is not. >> andrea: they sent in the f.b.i. wink, wink. but holder would get back to us. >> eric: lisa jackson was using a male alias for official business. >> 12,000 e-mails. what are they doing? sending e-mails to each other all over the place. when do they get anything done in washington 12,000 e-mails. i don't think i sent 12,000 e-mails in my life. >> andrea: the biggest failure under her watch was the keystone pipeline. her administration blocked the keystone pipeline. actively her and her boss' orders. she could go. goodbye. >> eric: juan, quickly. she could step aside and not answer. just she should answer. if you're avoiding having your e-mails seen and understood as a public official you are wrong. she has been outstanding public servant. the environmentists are disappointed obama hasn't listened to her more, especially on fracking and pipeline. i know the right thinks he hasn't
they are still retaining the government jobs that they said would step aside. why isn't holder stepping down? >> juan: how is eric holder involved in benghazi? >> kimberly: he is not. >> andrea: they sent in the f.b.i. wink, wink. but holder would get back to us. >> eric: lisa jackson was using a male alias for official business. >> 12,000 e-mails. what are they doing? sending e-mails to each other all over the place. when do they get anything done in washington...
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Dec 28, 2012
12/12
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WUSA
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. >> and this endless deadlock, this complete failure to compromise on seemingly anything and to govern -- >> the american people have spoken, and they've basically voted for the status quo. the president got re-elect, the senate is still in democratic hands and the house is still in republican hands. the american people have spoken. >> if there is no deal income tax cuts and payroll tax cuts are scheduled to expire at the end of the year. 2 million jobless americans lose their unemployment benefits. the president and congress impressional leaders from both parties are scheduled to meat at the white house at 3:00 tomorrow to try to find some way out of this mess. they have met at the white house before to try to find some way out of this mess, and every single time they did that, they did not find a way out of this mess. if past is prologue, derek, get out your wallet. >> well, gary, as the mess, as you describe it, looms closer and closer, what do you really want to know about this fiscal cliff? join us tomorrow for 9news at 5:00. we'll have an expert here to begin to answer your quest
. >> and this endless deadlock, this complete failure to compromise on seemingly anything and to govern -- >> the american people have spoken, and they've basically voted for the status quo. the president got re-elect, the senate is still in democratic hands and the house is still in republican hands. the american people have spoken. >> if there is no deal income tax cuts and payroll tax cuts are scheduled to expire at the end of the year. 2 million jobless americans lose...
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Dec 27, 2012
12/12
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was focus on certain members of his base coalition, give them extraordinary financial gifts from the government, and then work very aggressively to turn them out to vote, and that strategy worked. >> that explanation got mitt romney attacked and condemned by the likes of bobby jindahl and other republicans. they're now trying a new approach. tag romney said this about his father. he wanted to be president less than anyone i knew in my entire life. he had no desire to run, says tag, who worked with his mother and to persuade his father to seek the presidency. if he could have found someone else to take his place, he would have been ecstatic to step aside. too bad he never told newt gingrich that. joining me now, msnbc's joy reed. i'm on the verge of feeling sorry for them, trying to come up with these crazy reasons about why he lost. and now they want to pretend that this guy who lived his whole life in order to run for president didn't really want to run for president. >> yeah, i know, lawrence. there is nothing more failing than failing to win something and say, i didn't want to win, anyway. w
was focus on certain members of his base coalition, give them extraordinary financial gifts from the government, and then work very aggressively to turn them out to vote, and that strategy worked. >> that explanation got mitt romney attacked and condemned by the likes of bobby jindahl and other republicans. they're now trying a new approach. tag romney said this about his father. he wanted to be president less than anyone i knew in my entire life. he had no desire to run, says tag, who...
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Dec 29, 2012
12/12
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KRON
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and now indian officials have closed off access to the country's main government building in kron-4's jeff bush was at a vigil held today at the >> reporter: about three dozen protestors gathered at the consolate on arguello street just before sundown. many of them are indian expatriates and say something needs to be done to address women's rights in >> (protest organizer) preeti shekar: this incident is one of many that have been going on and we are here to say that violence against women is not ok and we need to do something >> manoj hergarwl, protestor: i'm a citizen of india and i thought i should be herejust, as a guy, i feel so sad and it is shameful what has happened people without ties to india>> marcia poole, protestor: india has tolorated the rape of women for so long now that the police actually, >> reporter: the group presented a petition to the consulate saying more needs to be done to stop violence against a representative accepted the petition and gave a the incident. he said a established to investigate >> n.p. singhand: we are confident that the incident will prove to
and now indian officials have closed off access to the country's main government building in kron-4's jeff bush was at a vigil held today at the >> reporter: about three dozen protestors gathered at the consolate on arguello street just before sundown. many of them are indian expatriates and say something needs to be done to address women's rights in >> (protest organizer) preeti shekar: this incident is one of many that have been going on and we are here to say that violence...
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Jan 1, 2013
01/13
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the delayed sequester combined with government funding completely runs out. well could have a budget government shutdown showdown in march, and the debt ceiling all expiring basically in the same three to four-week period. it's going to make what has happened in the last 48 seem small and petty. >> so given what you just said, this deal looming tonight, perhaps even voting in the senate tonight, who wins? who loses? who is somewhere in between? >> look, i don't think anybody is winning here. i think that the white house and senate republicans feel as if they've dodged a political bullet, that it's not a complete victory, although the white house certainly feels as if they have republicans helping them raise tax. if you had told them you were going to get that a year ago, two years ago, heck, 20 years ago, they would have said what are you smoking? the fact of the matter is the white house feels like they're winning. simply they've got republicans helping them raise taxes on the wealthiest say 1.4% when all is said and done. but senate republicans feel like th
the delayed sequester combined with government funding completely runs out. well could have a budget government shutdown showdown in march, and the debt ceiling all expiring basically in the same three to four-week period. it's going to make what has happened in the last 48 seem small and petty. >> so given what you just said, this deal looming tonight, perhaps even voting in the senate tonight, who wins? who loses? who is somewhere in between? >> look, i don't think anybody is...
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what can the government do, if anything? >> well, thank you, ed. and you've been quite a champion yourself. but the federal government needs to aggressively enforce the voting rights act, the civil rights act, and any other federal institutes that are on the book. for example, through help america vote act, there was a commission established called the elections assistance commission. that is supposed to be a bipartisan commission with four members. it doesn't have members because the republicans have been holding that up in congress. it is very important that those on the federal level enforce the laws that we have there. and that elections assistance commission would go a long way. would be a clearing house for some of the best practices in this nation to continue to drive the polls, that voting should be for everybody, not a select few. and we really need to make sure that the federal government uses the tools that have in their tool box and not idly sit by and let things happen in the state and across the country. >> in your state of ohio, repu
what can the government do, if anything? >> well, thank you, ed. and you've been quite a champion yourself. but the federal government needs to aggressively enforce the voting rights act, the civil rights act, and any other federal institutes that are on the book. for example, through help america vote act, there was a commission established called the elections assistance commission. that is supposed to be a bipartisan commission with four members. it doesn't have members because the...
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that would be the realization of that -- >> wouldn't that violate the principle that would have govern the policy that nothing wowlingd pass unless the yort of the majority support it. >> it would violate the principle. some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the fight of taxes because tax rates are going to go up for every -- the only question is how many people they go up for. so if you already know what the outcome is going to be, the question is how much punishment do they want to take? it is possible that they would wait after january 1. they could say we're going to cut taxes now instead of vote to allow them to go up. gwen: let's move on. because there's one more thing we want to go to. from iran to syria to libya to egypt to israeli, palestinian standoff over gaza, the obama administration's wishes have seldom been grapted. >> we and the world have joined in condemning the brutality of the assad regime. >> no one wants to determine what happened that night in benghazi more than the president and
that would be the realization of that -- >> wouldn't that violate the principle that would have govern the policy that nothing wowlingd pass unless the yort of the majority support it. >> it would violate the principle. some democrats think that mitch mcconnell is ready to force john boehner's hand. we know the republicans are going to lose the fight of taxes because tax rates are going to go up for every -- the only question is how many people they go up for. so if you already know...
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that is up to the government and the choices the government makes for the first weeks or month or two at least. for instance, the irs, the internal revenue service can decide what to do about how they treat the tax increase. the agency could delay increasing the amount it withholds from your paycheck each week assuming congress would reach a deal. that way you wouldn't notice the tax increase before it turned around. if it didn't get reversed, you're going to get quite a bill from the taxman. also if we go over the cliff, and the spending cuts begin to take hold, the various agencies of the federal government can consider putting employees on furlough. meaning they take unpaid days off. that's considered a better alternative than layoffs, if we don't get a deal quickly, the furloughs will have to become layoffs, that will mean real pain. >>> the great question is how quickly that pain will begin. would it hurt the real economy before we get a deal? or would the prospect of pain create such pressure, would congress change course before we feel it. the strategy of the folks who want to
that is up to the government and the choices the government makes for the first weeks or month or two at least. for instance, the irs, the internal revenue service can decide what to do about how they treat the tax increase. the agency could delay increasing the amount it withholds from your paycheck each week assuming congress would reach a deal. that way you wouldn't notice the tax increase before it turned around. if it didn't get reversed, you're going to get quite a bill from the taxman....